SK Hynix and Micron Technology Join $1 Trillion Market Cap Club Amid AI Demand Surge
Both SK Hynix and Micron Technology have reached a market cap of over $1 trillion, driven by strong demand for high-bandwidth memory (HBM) in the artificial intelligence sector. The companies are benefiting from constrained supply chains and pricing power as they lead in supplying HBM to GPU manufacturers like Nvidia.
Tickers: $MU
Topics: AI infrastructure HBM demand memory chips Micron Technology SK Hynix